Crypto Update: Bitcoin Dips to $60k Amid Market Turmoil

In a tumultuous turn of events, Bitcoin drops to $60k, reflecting significant market volatility. Major cryptocurrencies experienced steep declines before slight recovery.

Thursday proved to be a challenging day for the cryptocurrency market, as Bitcoin's value fell to $60,000, erasing gains made during the recent 'Trump pump'. The day saw major cryptocurrencies experiencing a dramatic decrease of between 15% to 20% before a slight recovery.

This downturn highlights ongoing volatility in the crypto space, with investors reacting to various market influences. Although there was some relief following the sharp declines, the overall sentiment remains cautious as traders assess future trends.